4 Responses to “No one cares about the deficit”

Right. As Mr. Hayes said, ‘no one actually cares about the deficit’. This is just ‘shock doctrine’ nonsense which means “I’m concerned about the deficit, because my people aren’t in power right now, and not enough of the federal coffers are directed at people who will vote for me and my causes”.

Let us recall that Cheney said ‘Reagan taught us that deficits don’t matter’.

Let us also recall, that in an age of rule by fractional reserve banking, the creation of debt equals 97% of our total money supply. Frankly, that is a system I help we do away with some day.

But since this whole ‘fiscal cliff’ thing is a lot of baloney, I propose we make some money.

Let’s print some T-shirts that say “I climbed the North Face of the Fiscal Cliff”.

We’ll make a fortune.

You may ask what does “I climbed the North Face of the Fiscal Cliff” mean?

Capitalism. Get rid of Capitalism and the 1%, its plutocrats, and their oligarchy will evaporate. Deficits build debt. Debt must be borrowed. The 1% does the lending. We the people pay the interest that the lenders (1%) charge on the money they loan us. The 1% pay 15% in taxes on the interest that they earned from the money they loaned us. That’s the Capital Gains Tax rate. That’s the game. The 1% wants as much debt as our politicians are willing to create. That’s the con. Get rid of Capitalism and the jig is up. The game is over. The 1% disappears. So does the debt.

Susie: thanks for the link to Avedon! I have just suffered through two hours of Ed and Rachel projecting insipid hope of an emergent spine onto Obama’s latest bob and weave about the terms of the Bargain. That was a nice bracing splash of cold reality reminding me that the fix is in.